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of <h1>Clause 336: Company Officers in Liquidation Face Jail and Fines for Fraud, Concealment, and Misrepresentation.</h1> Clause 336 of the Companies Bill, 2011, addresses offenses committed by officers of companies undergoing liquidation. It outlines various acts considered offenses, such as failing to disclose or deliver company property to the liquidator, concealing or falsifying company records, fraudulently obtaining or disposing of company property, and making false representations. Offenders face imprisonment of three to five years and fines ranging from one lakh to three lakh rupees. A defense is available if the accused can prove no intent to defraud. Additionally, those receiving property disposed of under fraudulent circumstances also face similar penalties.
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